Issued in October 2012, the new regulations of the UK Home Office have prohibited scrap metal dealers to pay in cash to suppliers.
The new card offers a fast, convenient and compliant way to pay customers for scrap metal using a fully verified prepaid Mastercard card.
After getting a full electronic audit track of funds complying with the new regulations, the PCS executes the independent authentication of customers’ identity within seconds to enable a customer to be issued with a funded card.
Payment Card Solutions CEO Paul Swinton said, "We allow participating scrap metal dealers to issue their customers with Prepaid MasterCard Cards (subject to identity verification) and instantly load these cards with the funds which were previously paid in cash."
Specializing in prepaid, mobile and emerging payments, Carta Worldwide operates as an electronic payments and transaction processing technology firm.